Ripple, which previously took the 2nd place in the cryptocurrencies market size ranking and then regressed to the 3rd place, has shown a great increase in the last 24 hours.
Ripple has increased by 40-45% in the last 24 hours
XRP, which fell to the level of $ 1, returned to the levels of 1.70. However, it is still far from its high of $3.81 and is 55-60% lower.
It’s hard to say if there will be a drop or more gains in the next 48 hours.
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Ripple price has dropped a lot due to three different situations. The first of these is the exclusion decision of CoinMarketCap regarding South Korean exchanges.
The second situation is about the news that the Chinese government will be even tougher about cryptocurrencies.
The third and final situation consists of the news that South Korean authorities will impose some restrictions on cryptocurrencies.
According to some reports, some South Korean officials were involved in the cryptocurrency trade by leaking inside information.
The Head of Department of the South Korean Prime Minister said in a statement on the subject: “We have confirmed that some public officials have taken such an action. ”
It is ironic that government officials can profit from cryptocurrencies. Because these currencies are built to ignore governments.
The brave holders of cryptocurrencies have made a lot of money lately. But no one knows what will happen next.
Fool